Benjamin M. Goodwin Sells 5,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Benjamin M. Goodwin sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total transaction of $138,550.00. Following the completion of the sale, the senior vice president now directly owns 37,327 shares in the company, valued at $1,034,331.17. This represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Kratos Defense & Security Solutions Stock Down 3.4 %

KTOS stock opened at $24.42 on Friday. The business’s 50-day simple moving average is $24.00 and its 200 day simple moving average is $21.93. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.69 billion, a PE ratio of 244.22 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.71 and a twelve month high of $28.62.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently made changes to their positions in the business. Sei Investments Co. raised its position in Kratos Defense & Security Solutions by 113.1% in the first quarter. Sei Investments Co. now owns 311,594 shares of the aerospace company’s stock worth $5,727,000 after purchasing an additional 165,356 shares in the last quarter. Comerica Bank raised its holdings in shares of Kratos Defense & Security Solutions by 627.9% in the 1st quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock worth $912,000 after buying an additional 42,817 shares in the last quarter. Swiss National Bank lifted its position in shares of Kratos Defense & Security Solutions by 13.2% during the 1st quarter. Swiss National Bank now owns 287,600 shares of the aerospace company’s stock worth $5,286,000 after buying an additional 33,500 shares during the period. Vanguard Group Inc. boosted its stake in Kratos Defense & Security Solutions by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after buying an additional 1,807,580 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Kratos Defense & Security Solutions by 272.8% in the second quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company’s stock valued at $8,655,000 after acquiring an additional 316,500 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KTOS has been the subject of several analyst reports. JMP Securities upped their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. Robert W. Baird lifted their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Benchmark reissued a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Finally, Truist Financial reiterated a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.40.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.